An investor watches stock prices on a screen at a brokerage house in Ho Chi Minh City. Photo by VnExpress / Quynh Tran.
Vietnam’s benchmark VN-Index rose 0.81% to 1,345.55 points on Thursday, its ninth consecutive winning session, as purchases by foreign investors peaked in 25 days.
The index fell five points early in the day but rose quickly to close with a gain of almost 11 points.
It has risen by almost 77 points in the past eight sessions and is now at an almost a month high.
Foreign investors were net buyers for the fifth consecutive session to the tune of VND 1.12 trillion ($ 49 million), the highest since July 12, with the greatest pressure on VHM from real estate giant Vinhomes and STB du Sacombank lender based in Ho Chi Minh City.
The value of trades on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 9% to VND 19.32 trillion. The stock market saw 262 tickers gain and 116 lose.
The VN30 basket, comprising the 30 largest capped stocks, saw 20 tickers in the green led by Vietnam Rubber Group’s GVR with a gain of 4.2%, reaching a one-month high.
HPG of the steelmaker Hoa Phat Group continued its recovery with a gain of 2.7%.
The TPB of private TPBank rose 2.3%, while the VPB of private lender VPBank gained 2.1%.
Other winners included electronics retail chain Mobile World‘s MWG, up 1.8%, and Asia Commercial Bank (ACB), up 1.4%.
Among the eight losing tickers, SAB of brewer Sabeco lost 1%, followed by MSN of conglomerate Masan Group with a decline of 0.7%.
The HNX stock index of the Hanoi Stock Exchange, home to mid and small caps, rose 1.7% while the UPCoM market index of unlisted public companies gained 0.47%.
